Preview: Earnings Season is here!

April 17, 2023

Week 1 of the 10-week earnings season has finally arrived, and we’re ready to start banking some serious coin on short-duration earnings trades.

What We're Watching This Week:

  • Monday:

Rite Aid (RAD): With a LikeFolio earnings score of 68, Rite Aid has shown promising Q1 improvements and a growing customer base for prescription delivery. The company's performance may reflect a positive outlook amid industry challenges.

  • Tuesday:

United Airlines (UAL): Reporting earnings with an expected move of ±$2.71 (±6.4%), investors will focus on the recovery of demand from the holiday quarter and any resurgence in business and international travel, which could impact its financial performance.

  • Wednesday:

Tesla (TSLA): Investors will be interested in understanding the potential impact of lower gas prices and overall economic conditions on the company's demand. Tesla has recently implemented a price reduction strategy, which may be a long-term growth driver but could create short-term challenges for its profit margins.

  • Thursday:

Alaska Air (ALK): Market participants will be paying close attention to any changes in demand and the adoption rate of the Flight Pass subscription plan, with an expected move of ±3.1%.

American Airlines (AAL): Despite negative consumer data and worse than expected pre-announced figures, investors will be looking for any silver lining in the earnings report, which has a LikeFolio earnings score of 35.

Netflix (NFLX) will capture most of the attention. Members of LikeFolio’s earnings season pass service have already received their TRADE OF THE WEEK on NFLX – looking to risk $400 for a chance at a $600 profit in just a matter of days.

If you’re not an Earnings Season Pass member, reply to this email for more information.

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